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V. Review Requirements

C 52/2017 STA Effective from 1/12/2022

146.Bank calculations under this Standard and associated bank processes must be subject to appropriate levels of independent review and challenge. Reviews must cover material aspects of the calculations under this Standard, including but not limited to the measurement of on-balance-sheet and off-balance-sheet exposures, the use of credit conversion factors, the application of CRM, and the accuracy for all components of the credit risk capital calculation reported to the Central Bank as part of regulatory reporting.